What Happened to Cano Health?
Return
0.0%
Current Price
$0
Peak Price
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Trust Size
$1.0B
Summary
Cano Health was a value-based primary care provider operating medical centers in Florida, Texas, Tennessee, and New York, focused on Medicare Advantage patients. The company went public via SPAC merger with Jaws Healthcare Innovators Acquisition Corp in 2021. Cano Health filed for Chapter 11 bankruptcy in February 2024.
What Happened
Jaws Healthcare Innovators Acquisition Corp (a Peter Thiel-sponsored SPAC) merged with Cano Health in June 2021. The company grew aggressively through acquisitions, operating 56+ medical centers. However, rising costs and the bankruptcy of major partner Steward Health Care destabilized the business. Cano was delisted from NYSE and filed for Chapter 11 in February 2024, emerging as a private company in July 2024 after reducing debt by $1 billion.
Timeline
2020-05-11
S-1 Registration Filed
2024-07-12
Last SEC Filing